Archive for month: May, 2014

Whether you have an established high-deductible health plan (HDHP) at your organization – or such a move is under consideration, it is important to note that the Internal Revenue Service has announced higher limits on contributions to health savings accounts (HSAs) and for out-of-pocket spending under linked high-deductible health plans (HDHPs) starting in 2015.

Contribution & Out-of-Pocket Limits for HSAs and for HDHPs

2014

2015

HSA contribution limit (employer AND employee)

Individual: $3,300 Family: $6,550

Individual: $3,350 Family: $6,650

HSA catch-up contributions (age 55 or older) Catch-up contributions can be made any time during the year in which the HSA participant turns 55.